Bloomberg – California’s three big investor-owned utilities proposed changes to the state’s rooftop-solar program that would lead to new connection charges and lower compensation for customers who install panels on their homes. PG&E Corp., Edison International’s Southern California Edison and Sempra Energy’s San Diego Gas & Electric filed a joint proposal Monday with state regulators […]
Biden’s Solar Dreams Collide With His Scorn for China ‘Genocide’
Bloomberg – President Joe Biden’s White House is trying to reconcile his desire to ratchet up U.S. renewable power generation with his outrage over alleged Chinese human-rights abuses in Xinjiang, a major supplier of a key component in solar panels. Factories in Xinjiang, a western region of China that’s home to the oppressed Uyghur minority, […]
AFL-CIO’s Trumka Demands Cutoff of Solar Products From Xinjiang
Bloomberg – The leader of the AFL-CIO demands that the Biden administration and Congress cut off imports of solar energy products from China’s Xinjiang region. The letter from the labor federation’s president, Richard Trumka, was addressed to National Security Adviser Jake Sullivan. Trumka singled out products that “contain polysilicon made with forced labor.” “These products […]
Philippines National Grid Taps Banks for $1.5 Billion IPO
Bloomberg – National Grid Corp. of the Philippines has picked banks to work on its initial public offering and has increased its targeted size to at least $1.5 billion, according to people with knowledge of the matter, paving the way for the biggest listing in the nation’s history. The high-voltage electricity network operator, commonly known […]
Infratil Pockets $1.4 Billion From Sale of Tilt Renewables Stake
Bloomberg – New Zealand infrastructure investment company Infratil Ltd. expects gross proceeds of NZ$1.93 billion ($1.4 billion) from the sale of its 65% stake in windfarm owner Tilt Renewables. Tilt agreed to a scheme of arrangement that will return NZ$7.80 a share to holders, the company said Monday in Wellington. The stock closed Friday at […]
Russia’s Getting Left Behind in Global Dash for Clean Energy
Bloomberg – As the man in charge of developing Russia’s vast Arctic north, Aleksey Chekunkov faces more climate-related challenges than most, from permafrost sink holes to the emergence of West Nile fever in frozen tundra. Yet he’s no eco-warrior when it comes to fossil fuels. “We have to be realistic, we are the largest country […]
Gautam Adani gets richer by $16 billion in 2021; beats Musk, Ambani in wealth addition
Adani is followed by Google co-founders Larry Page and Sergey Brin, who have added $14.4 billion and $13.8 billion, respectively, to their net worth in 2021. Adani Group Chairman Gautam Adani has beaten billionaires like Elon Musk and Mukesh Ambani to add the highest amount of wealth in 2021 so far. Adani has added $16.2 […]
Saudi Arabia Eyes Big Piece Of The Hydrogen Market
Saudi Arabia, the world’s top crude oil exporter, has been active in embracing new energy revenue opportunities in recent years after it became painfully clear the world was changing and it would not be able to rely on oil for its sustained wealth forever. Now, the desert kingdom has set its sights on green hydrogen. […]
NEARLY HALF OF BLOOMBERG LP ENERGY USAGE NOW COMES FROM RENEWABLES, UP SHARPLY FROM 17% IN 2018
Bloomberg Now at Midpoint of Reaching 100% Renewable Energy Target by 2025 New York: Bloomberg LP received 48.5% of its energy from renewable sources in 2019, up from 17% in 2018 and exceeding its 2020 interim goal of 35% of renewables use, according to the company’s 11th annual Impact Report released today. This puts […]
LONGi reaches record bankability rating in latest Bloomberg NEF results
LONGi Solar, a subsidiary of LONGi Green Energy Technology Co., Ltd, has recorded its highest-ever bankability rating in the recently released Bloomberg New Energy Finance (BNEF) Solar Module & Inverter Bankability 2019. BNEF surveyed banks, funds, developers, EPCs and technical due diligence firms which brands out of 48 modules manufacturers they considered bankable (i.e. can […]